Mortgages, car loans, student loans, and having children are all situations that can lead families to crushing debt ruin. Debt is mostly overlooked for the simple reason that it can be considered normal. Some types of debt, like car and mortgage payments, are almost expected. Sometimes it is very difficult to avoid debt, especially if the money is not managed sensibly. Many families accumulate debt due to overspending, medical bills and unemployment. Credit companies and banks make it very easy for families to spend money they don't have. For example, credit cards are commonly accepted in stores, restaurants, and many other businesses. Parents sometimes feel like they have to buy their children everything they want, regardless of whether the money isn't in their wallets. They also live such busy lives, which makes it difficult to cook a meal at home. Parents find it more convenient to go to a drive-thru or dine out because it saves time. On the other hand, they spend extra money that they don't have. Families also like to go on vacations they can't afford. Load vacation trips all onto credit cards. Meanwhile, can only make minimum payments on them. They probably don't consider the interest rates that these credit cards have. Another situation is when one of the parents decides to buy a car without a down payment. Financing cars by paying off loans with massive interest rates. Sometimes this happens when they see someone they know buying a brand new car, so they think they need one too. This is known as competing with the Joneses. Many parents and children want what everyone else around them has. However, parents may believe they can afford it, but in reality all the excessive spending adds up and…half of paper…and they start paying off the debt. Unemployment is difficult for families, but it is especially problematic for a single parent, as they usually have only one source of income. Families accumulate large amounts of debt carelessly. Debt accumulation doesn't happen overnight. They get into debt by not paying attention to when their money expires and by spending disproportionately. Families may also find themselves facing a costly health emergency that puts their lives at risk, forcing them into financial hardship. However, life happens. Parents also get fired and it takes months to find another one, so they depend on credit cards and loans to survive with their children. Parents may not recognize the dangers of being in debt. However, if they are able to recognize the debt process, they may be able to avoid this stressful situation..